Good question. Not all of the bond offerings become public sales. Some are held by private investors including I am sure the developer. It only makes sense for the developer to eventually offer the bonds via a public bond offering and not to hold on to them. The bonds are used to pay off the developer's bank debt used to construct the infrastucure for the various villages etc. I would assume that the Sumter County Tax Collector, for a fee, collects the funds from homeowners and then sends the funds to the designated trustee. That trustee then distributes to the bond holder(s) etc.
This is a good question and should be asked to the Sumter County Tax Collector.
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